Intel today posted its second quarter results with an impressive record revenue of $9.2 billion, up 15 percent year-over-year and down 2 percent compared to the first quarter of 2005. The company recorded a $2 billion net income, which 16 percent higher than last year and six percent lower than the first quarter.
Earnings per share were 33 cents, up 22 percent from 27 cents in the second quarter of 2004 and down 6 percent from 35 cents in the first quarter of 2005.
"Intel delivered record second-quarter revenue, with growth of 15 percent versus a year ago led by strong demand for our notebook platforms," said Paul Otellini, president and CEO. "Our investments in new products, advanced silicon capacity and emerging markets are paying off with growth that is outpacing the industry. We look forward to the second half of 2005 as we ramp dual-core microprocessors into high volume, begin production on our 65nm process technology and deliver innovative new platforms."
For the third quarter Intel expects a revenue between $9.6 billion and $10.2 billion. The company expects R&D plus MG&A will account for $2.8 billion to $2.9 billion in the third quarter, up from $2.5 billion in the second quarter. This will be driven primarily by new research and development as Intel is transferring resources from 65nm start-up programs to 45nm development and increasing investments in new platforms.
More financial details and Intel's business outlook can be found here
AMD released its second quarter results five days ago. They reported sales of $1.26 billion and net income of $11 million.